Business

Eurozone is virtually turning into a waste land as the local governments are powerless and have no idea how to control the economic collapse. Unemployment in the Eurozone has hit a record high of 11.6 percent in September. Unemployment in the 17-country eurozone hit a record high of 11.6 percent in September, official figures showed Wednesday, a sign the economy ... Read More »

Walt Disney has reached a $4 billion deal to buy George Lucas’s Lucasfilm Ltd, this deal is Disney’s third largest acquisition in entertainment industry in the last seven years. This means the Star Wars franchise now belongs to Disney. Disney has already taken-over Pixar and Marvel. This deal has been materializing since May 2011 when Geroge Lucas taught Disney CEO ... Read More »

Samsung, the South Korean company has been doing really good for the last four quarters. It has posted it’s fourth consecutive quarterly profit. This quarter Samsung made $7.4 billion, most of which came from strong sales of its mobile phones which actually hid the fact that they had a really hard time selling memory chips. The record run, though, is ... Read More »

Research in Motion, the Blackberry company has reported massive losses in the second-quarter. It has reported a loss of $235 Million. Wondering why the stocks went bull in-spite of these losses. You need to be a Blackberry user to know the secrets. The reason is quite simple, the analysts (market experts) believed that RIM would be reporting a far greater ... Read More »

The supermarket giant Walmart has announced that it will be hiring more than 50,000 additional employees to handle the holiday rush. This isn’t the first time Walmart goes on a hiring spree during the holiday season. This year though the number is quite higher than ever before. Looks like Walmart is expecting a lot of business this holiday season. The ... Read More »

Samsung has announced that the sales of its Galaxy S III has hit a whopping 20 Million worldwide. This is just in three months! Samsung Electronics Co. launched the flagship smartphone powered by Google’s Android operating system in Europe in late May. The release schedule was about three months ahead of new phone announcement by rivals Apple, Nokia and Motorola. ... Read More »

Sony Corp., Japan’s largest exporter of consumer electronics, is eliminating about 15 percent of its mobile-phone unit’s workforce to reduce costs at a business that trails Apple Inc. and Samsung Electronics Co. The reduction of about 1,000 jobs will mainly be in Sweden, Sony said today in a statement. About 650 positions will be cut from its mobile division’s headquarters ... Read More »